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hedge_fun

02/11/17 7:40 AM

#46959 RE: ysung #46957

They've issued nearly 3B shares since April 2015........

Per the company PR they said they had less than 100MM OS then.. But I don't think "flippers" are the issue. I rode this puppy up to .024 in May 2015. Then Lendergate broke and folks realized Alonzo was lying about debt being paid and all and most of us sold our .00's.

HOUSTON, April 15, 2015

With the retirement of these shares, the outstanding share count will now be under the 100,000,000 share mark. The company announced in February that 280,085,000 shares were retired to the treasury and that the Authorized Shares had been reduced to 1,950,000 (typo). Once the company has determined the exact count of shares retired, a new O/S number will be officially announced.

https://www.otcmarkets.com/stock/ISBG/news/ISBG-to-Decrease-O-S-by-Almost-50--with-Corporate-Action?id=102016&b=y

Per the OTC update.....

Outstanding Shares 2,876,609,947 a/o Jan 31, 2017

Issuing an average of 1.5B shares a year will keep penny land out of reach.

Just sayin'